Pantheon Macroeconomics

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8th Jun 2022 00:10Emerging Asia, Daily Monitor

CPI inflation in the Philippines breached the 5% mark in May for the first time since 2018...

...Food prices largely were to blame, but June should see the final leg up in food inflation.

We have raised our average CPI forecast for 2022 to 4.8%, but still see only one more rate hike this year.

cpi cpi inflation disinflation food inflation food prices gdp report June May oil rate hike

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Keywords for: The Ceiling for Non-Core Inflation in the Philippines is on the Horizon

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